40 MEADOWPARK HAVEN Crescent, Hunter River - Multi-family for Sale

Description

Welcome to Karlas Country Garden Villa, a well-constructed seven-unit seniors housing complex situated on approximately 12.73 acres, with the river forming the southern boundary of the property. The building features durable ICF exterior walls, R-40 insulation, metal roofing, and fire-rated, sound-resistant separation walls between units. Each spacious two-bedroom unit offers a high-quality kitchen with an island, an over-the-range microwave, and modern appliances. Residents also benefit from two designated parking spaces and a heated storage locker for each unit. The property is serviced by an on-site well and sewer system. Existing infrastructure was designed with future development in mind, including an ICF-constructed octagonal basement capable of accommodating additional water and sewer connections. A large portion of the propertys more than 12 acres remains undeveloped, offering substantial potential for future development, subject to zoning, environmental requirements, servicing capacity, and approval by the appropriate authorities. Plans have been prepared for an additional 23-25 residential units and are currently under review. Proposed future amenities include walking trails, landscaped gardens, and a pagoda above the octagonal structure. With its attractive riverside setting, quality construction, established rental units, extensive undeveloped land, and future expansion potential, Karlas Country Garden Villa represents a unique investment and development opportunity. (id:66096)

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